Arsenal’s top transfer targets – How Arsene Wenger should spend that £70 plus million

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Yesterday Arsenal issued its latest financial update – and guess what, the club is in pretty rude health. Profits might have dropped a little, but just look at that whopping £123 million reserve in the bank. And there’s also sponsorship money to be added, plus season ticket cash and maybe even Stan’s idle millions (dream on…).

So the money clearly is there and in the summer the rebuilding programme needs to begin in earnest.

The big question for Arsene Wenger is how much re-building is really necessary? Are we looking at a wholesale clear out of the Arsenal team, or just some minor pruning but with some big name additions?

The rather huge sized elephant in the room is whether Arsenal will qualify for The Champions League? Not qualifying will lose Arsenal possibly as much as £20 million – thought I have seen it quoted as much more.

The more worrying thing would be trying to attract players to a club that aren’t mixing it with Europe’s finest. However Liverpool and Spurs have signed some pretty impressive players in the knowledge that they will be busy on Thursday nights rather than Tuesday and Wednesday.

So, Arsene, here is my take as to how you should spend your cash. Of course I personally think it unlikely that you’ll spend more than £40 million (0ne striker, one midfielder and a keeper), but we can all dream…

My little spree would come in at £120 million with most of that cash going on Cavani and Di Maria and that is assuming we have CL football next year. If we don’t then it comes in at about half that figure. Maybe the latter is more realistic anyhow…

Btw I think we should cash in on Vermaelen as well as losing fringe players like Arshavin, Fabianski, Mannone, Bendtner, Chamakh and possibly Gervinho too – which could generate as much as £30-40.

So what do you think? Who should Arsenal sign?

Wing backs

Assuming that Bacary Sagna stays then I think Arsenal have the wing backs covered. We have top class backs in Sagna and Monreal and quality cover too in Jenkinson and Gibbs. And incidentally I wouldn't rule out Gibbs being Arsenal's top left back when he comes back from injury. Luke Shaw would have been a good option, but I really don't think we need him now. I guess long term Arsenal will need to sign another right back to cover for Sagna or Jenkinson, but for now I don't think Arsenal should spend money here.